This month has seen a diverse range of stocks making impressive gains, driven by factors ranging from financial performance to strategic partnerships. Here's a detailed look at these market movers, including a suggestion on which company you might like to add to your portfolio or watchlist.
Top 5 Best Performing Stocks This Month
5. NOVA (Sunnova Energy International Inc.)
Opening Price: $5.60
Closing Price: $7.07
Percentage Gain: 26.25%
Catalyst: Sunnova Energy International Inc. reported a quarterly loss of $0.27 per share, which was significantly better than the cnsensus estimate of a loss of $0.54. This represents a 50% earnings surprise. Additionally, the company has surpassed consensus EPS estimates three times over the last four quarters. Sunnova raised its cash generation guidance to $100 million for this year, $350 million for next year and $400 million for 2026.
4. EVGO (EVgo Inc.)
Opening Price: $2.44
Closing Price: $3.84
Percentage Gain: 57.38%
Catalyst: EVgo Inc. raised the midpoint of its total revenue guidance by $10 million. The company reported record revenue of $66.6 million in the second quarter, a 32% year-over-year increase. Charging network revenue reached $36.4 million, up 146% year-over-year, marking the seventh consecutive quarter of double-digit charging revenue growth. Network throughput hit a record 66 gigawatt-hours, a 164% year-over-year increase, and EVgo added more than 220 new operational stalls during the quarter, ending with approximately 3,440 stalls in operation